Major Rating Factors:
Weak profitability index (2.6 on a scale of 0 to 10) with operating losses during 2020, 2021 and 2022. Weak overall results on stability tests (2.8) based on a steep decline in capital during 2023. Good overall capitalization (5.9) based on good current risk-adjusted capital (severe loss scenario).
Other Rating Factors:
Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent quality investment portfolio (8.0) containing small junk bond exposure.
Principal Lines of Business:
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Licensed in:
NY
Principal Enrollment Breakdown:
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Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
Bonus
Other
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Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Lifetime Healthcare Inc
Investment Rating
--
Company Address
6 Wellness Way
Latham, NY 12110
Latham, NY 12110
Phone Number
(518) 641-3000
NAIC Number
95491
Website
Largest Affiliates